Fred Allen plans to get back into radio as a sponsor. Edward G Robinson stars in a play about a man planning to avenge the murder of his son. Marlene Dietrich and Tallulah Bankhead argue over their ages. Danny Thomas sings a comedic version of a western song. Everyone talks about their New Years Eve, then Tallulah gives a monologue about a New Years party, followed by Fred and Edward giving the mans side of the story.